New Queensland gold, antimony and critical metals explorer, Great Divide Mining (ASX:GDM) has received promising final assays following its maiden 2023 drilling campaign at Yellow Jack.
Highlights
- Assays from three diamond drill holes have been received, which include significant gold intercepts of:
o 12 m @ 2.70 g/t Au from 25 m depth in hole 23YJDD219; including 6 m @ 4.15 g/t Au from 30 m depth
o 6.2 m @ 1.1 g/t Au from 80 m depth in hole 23YJDD217
- Diamond drilling assay results complement encouraging RC drilling assay results received in December 2023
- Results indicate that the gold mineralisation is open along strike and at depth, as well as having pockets of higher grades
- A full 3D interpretation of the Yellow Jack gold system will be completed over the coming weeks.
An update of the project’s Mineral Resource Estimate (MRE) will follow 3D interpretation analysis. Yellow Jack has a current MRE of 1.84 Mt at 0.86 g/t Gold (Au) for 51,100 oz contained Au above a 0.5 g/t Au cut-off grade.
“We have seen some excellent intercepts from our diamond drilling campaign at Yellow Jack. In particular, the intercept of 6 m @ 4.15 g/t Au in hole 23YJDD219 from 30 m depth indicates that the gold mineralisation is of higher concentration in certain areas and extends further along strike and at depth than initially anticipated,” CEO, Justin Haines, said.
“We are undertaking a full 3D interpretation of the Yellow Jack Gold system which will be completed over the coming weeks and are now well placed to consider an update of our previously announced JORC Mineral Resource Estimate of over 51,000 oz contained Gold1 at Yellow Jack.”
Yellow Jack Drilling Campaign
The Yellow Jack drilling campaign included 20 holes totalling 1,820m of Reverse Circulation (RC) drilling and 250m of Diamond Drilling, for a total of 2,070m drilled. The drilling campaign was designed to confirm historical drilling results and to test resource extension both at depth and along strike, with historical drilling having been limited to less than 70m vertical depth.
